NAMA Archives - Page 2 of 14 - MyHome.ie Advice & Blog

New Irish housing units in 2015 forecast at only 10,000

Blog, Building, General, Home, Industry News, Market News, Promoted, Property News

The number of new Irish housing units that will be built in 2015 will rise to about 10,000 following 8,800 completions in 2014. New data reveals that 8,819 units were commenced in 2014, up from 4,708 in 2013 (+87% yoy). According to Dermot O'Leary, chief…

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Commercial Blog

NAMA not working as intended, insists Bacon

Blog, Commercial Blog, Home, Market News, Mortgages & Money, Property News

The man credited with inventing NAMA has told the banking inquiry it is not doing the job it was designed to do. Dr Peter Bacon said the agency has focused more on chasing debts than on increasing the value of its investments. Dr Bacon is…

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General

Fears that non-first time buyers could become trapped in their homes because of new mortgage rules

Blog, General, Home, Market News, Mortgages & Money, Property News, The Seller

Fears have been expressed that the new Central Bank rules on mortgage lending will prevent many non-first time buyers upgrading their homes. Speaking yesterday, Fianna Fáil’s finance spokesperson Michael McGrath said people who had already bought could become trapped in their current homes despite the…

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Building

€11 billion will be spent on construction here next year

Blog, Building, Promoted

"Over €11bn in key and major construction projects is already scheduled for 2015 in the construction sector as the recovery takes hold," Construction Information Services managing director Tom Moloney said. More than 500 major projects covering all sectors are due to begin in the Republic…

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Gunne appointed new CEO of Chartered Land

Industry News

The former managing director of Key Capital Real Estate, Andrew Gunne, has been made chief executive of Chartered Land one of Ireland’s biggest property developers. Mr Gunne is expected to lead Chartered Land as it seeks new development opportunities with international investors. He will also…

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Bord Gáis Energy Theatre for sale for €20m

Commercial Blog, Property Picks

The Bord Gáis Energy Theatre in the Dublin Docklands has been put up for sale with a guide price of €20m. Property company CBRE has been instructed to handle the sale by the receivers Paul McCann & Stephen Tennant of Grant Thornton, who were appointed…

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Jump reported in number of new construction and property jobs

Building, Commercial Blog, General, Home, Industry News, Mortgages & Money, Property News

Recruiters Hays has seen a three fold increase in the number of jobs on offer in the construction and property sector in May compared to the same time last year. Site engineers, quantity surveyors, project managers and property managers are the most sought after in…

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NAMA could deliver a surplus of up to €1bn

Uncategorized

The National Asset Management Agency is likely to deliver a profit on the bad property loans it bought from the Republic’s banks when its finishes its work, according to its chairman, Frank Daly. The organisation reported yesterday that, in 2013, it made a final surplus…

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Government to invest €35m in social housing

General, Home, Property News

The Government is to invest €35m to restore vacant houses and use them to accommodate families who risk becoming homeless. The housing minister Jan O'Sullivan has said the investment will mean over 1,700 extra properties will be available for social housing in the next few…

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NAMA sells Ireland's tallest residential building

Commercial Blog, General, Home, Industry News, Mortgages & Money, Property News, Property Picks, The Investor, The Overseas Investor

Ireland's tallest residential building, the Elysian Tower in Cork, has been sold by NAMA. It was part of Project Tower, a portfolio of loans secured on properties controlled by the O'Flynn Group. The portfolio has a face value of €1.8 billion. NAMA refused to disclose…

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